Rather than skipping payments during the Biden administration’s student-loan freeze, a small but committed percentage of borrowers chose to keep paying anyway. As of December 2021, 1.2% of borrowers c...
Tag: Debt
‘I can’t afford to pay the loan because I’m on a fixed income.’ I’m a 57-year-old widow with $67K in student loan debt. Can you help me get rid of it?
There are some forgiveness and benefit options, including some specific to military spouses that could provide financial compensation. AP Question: I’m a military wife, and my husband died on active d...
U.S. Treasury Now Sees $26 Billion Paydown in Debt This Quarter
(Bloomberg) — The U.S. Treasury now anticipates a paydown in government debt this quarter, a turnaround after previously estimating net borrowing during the period, amid a surge in tax revenue. ...
I-bonds are all the rage — what’s the best way to use them?
With the release of March’s Consumer Price Index, we now know that a risk-free investment yielding 9.6% will be available as of May 2. I’m speaking, of course, about Series I savings bonds from the U....
Russia aims to avert historic debt default with last-ditch dollar bond payments
Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles...
Blockmetrix has raised $20m in debt financing from BankProv
Blockmetrix has brought $20 million up in new debt from BankProv The Dallas-based bitcoin (BTC) mining startup has raised funds from a crypto-accommodating business bank Computerized resource trade C...
Biden says he’s considering forgiving student debt, but not $50,000
Washington — President Biden said he is “taking a hard look” into forgiving some federal student loan debt on Thursday, but the amount he is considering is less than $50,000 per borrower, ...
Biden says he won’t cancel $50,000 in student loan debt but will have an answer on forgiveness in a few weeks
President Joe Biden threw cold water on calls for large-scale student loan debt cancellation during a speech Thursday. He will not cancel $50,000 in debt for every borrower, as some Democrats are push...
Battered Bitcoin Miners Increasingly Turn to Debt Financing
As the industry matures, debt capital is preferred by investors, given its nondilutive nature. Indeed, offering equity in the current market has often not been kind to the share price of miners. Most ...
The Looming Debt Crisis About to Make Everything Worse
(Bloomberg) — Most Read from Bloomberg It’s hard to imagine a more chaotic world than the one we’re in right now—what with Russia’s war on Ukraine, a Covid-19 pandemic that won’t quit and the lo...
Teller Took Out Such An Unsecured Debt DeFi Mortgages On An Austin Property
According to Investopedia, Bacon Protocol has been issuing NFT mortgages since November, with loan rates as high as 3.1 percent, significantly less than the 5.55 percent rate on a standard 30-year mor...
Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower
“This is what we call our colo-light strategy, wherein Blockmetrix partners with an industry-leading colocation developer and operator by contributing equity and functioning as an anchor tenant for th...
The bond market has crashed. Why one strategist says embrace the pain and get back in.
Investors are more or less trained to think about assets in stock-market terms. That is, a correction is a 10% drop from its peak, and a bear market is 20% drop, etc. But not all assets are equal. In ...
CleanSpark secures $35 million in debt capital
advertisement Bitcoin miner CleanSpark announced on Tuesday that it raised $35 million in non-dilutive equipment financing. The company closed a three-year deal with Trinity Capital Inc. backed by 3,3...
Managing Partner Zack Ellison Of A.R.I. Talks To Us About Venture Debt For Startups
Privacy settings Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no longer being available. &#...
Biden May Cancel Student Debt Soon, Lawmakers Say After Meeting
Topline President Joe Biden appears poised to likely cancel at least some federal student debt for millions of Americans, he signaled to lawmakers this week according to multiple reports, after White ...
Biden looking at forgiving most fed student loan debt, says Hispanic Caucus
President Biden is looking at different options to forgive most, if not all, federal student loan debt – a move that would thrill some of his most loyal supporters and financially strapped students na...
Silk Road Founder Agrees to Use Seized Bitcoin Worth $3Bn to Clear off $183m debt to US government
According to a court filing first reported by Wired media outlets, about $3 billion worth of seized Bitcoin in connection to an unnamed Silk Road hacker will be used to absolve Ross Ulbricht of his $1...
Ross Ulbricht agrees to use $3 billion in stolen BTC to pay his debt
Nearly $3 billion worth of seized bitcoin will absolve Ross Ulbricht of his $183 million debt to the United States government, according to a court filing first discovered by Wired. Ulbricht is the f...
These money and investing tips can be keys to success when stock and bond markets fail
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS 4 Earth Day ETFs targeting cle...
Silk Road Founder Ross Ulbricht to Forfeit $3 Billion in BTC; Extinguishes Debt to Government
The incarcerated founder of the now-defunct dark web marketplace, Silk Road, Ross Ulbricht, is going to forfeit his claim to Bitcoin worth about $3 billion in fulfillment of the $183 million debt owed...
What’s next for stock market as Federal Reserve moves toward ‘peak hawkishness’
Investors will watch for another gauge of U.S. inflation in the week ahead after the stock market was rattled by the Federal Reserve ramping up its hawkish tone and suggesting large interest rate hike...
Ross Ulbricht To Pay Off Government Debt With $3 Billion In BTC
Ross Ulbricht, the incarcerated founder of the now busted Silk Road dark web marketplace, has fulfilled a major part of his sentence. A newly discovered court filing shows that last year, prosecutors ...
Seized Silk Road Bitcoin Might Help The Founder To Settle $183 Million Debt
Silk Road Founder may be relieved from the charges as he would pay the debt to the United States Government. The now shut down illegal Marketplace used Bitcoin (BTC) to sell drugs and other ille...
Why did the stock market fall? Dow finishes nearly 1,000 points lower in worst day since October 2020
U.S. stocks fell sharply on Friday to suffer their biggest one-day drop since 2020, as investors continued to weigh hawkish comments on interest rates a day earlier by Federal Reserve Chairman Jerome ...
Weekend reads: How to position your investments before the Federal Reserve causes a bear market
Do you remember all the times Federal Reserve Chairman Jerome Powell was quoted as saying inflation in the U.S. was “transitory”? With the Fed now ready to fight inflation, the bond market has quickly...
Investors just pulled a massive $17.5 billion out of global equities. They’re just getting started, says Bank of America.
Are the bears just getting started? That’s a question posed by strategists at Bank of America, who noted Friday that investors pulled $17.5 billion out of global equities over the past week, making fo...
How This Canadian Artist Paid Off $80,000 College Debt Thanks To Crypto
Bdice on his recording studio Bdice Cryptocurrencies can truly change lives, and depending on where you look, a lot of lives have already been changed by such innovative technology. Brandon “Bdice” Be...
Will Biden Cancel Student Debt? Two Years In, He’s Still Mulling Up to $10,000
Text size President Joe Biden said Thursday he is “considering dealing with some debt reduction.” Anna Moneymaker/Getty Images Two years since candidate Joe Biden tweeted that student borr...